LETTER SECURITY
An unregistered stock or bond that is sold directly to an investor by the issuer. The security is not registered with the Securities and Exchange Commission (SEC) and cannot be sold to the public in the marketplace. The term derived from the SEC requirement for an "investment letter" for the purchaser, which explains it is for long-term investment purposes and not intended for resale, for a specified number of years.
Also called restricted security, letter stock or letter bond.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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